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Foreign Construction Workers Needed If Industry Is To Meet Housing Targets

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Ireland will need major inward migration of construction workers, if the industry is to achieve targets for new housing.

But a new report from the ESRI says the high cost of accommodation is acting as a deterrant for people who want to work here.

The research says the construction sector's going to need a major boost to employment numbers if housing supply is going to meet demand - and that much of the extra labour will have to come from immigrant workers.

But it warns Ireland's accommodation costs could act as a disincentive for people thinking about moving here to work in construction.

The study finds that a significant increase in housing output will require the number of construction jobs here returning to Celtic Tiger levels.

It predicts a big increase in mortgage lending as more homes come on the market.

But the ESRI says its essential that the Central Bank maintains the regulations that oversee mortgage lending - or we could see the build-up of another property bubble.


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